Dogecoin (DOGE) has experienced a significant surge, reaching approximately $0.27 as of September 12, 2025. This upward momentum is largely attributed to the growing anticipation surrounding the Rex-Osprey Dogecoin ETF, despite its launch being postponed. The cryptocurrency has seen a notable price increase of over 20% in the past week, successfully breaking through key resistance levels.
The postponement of the Rex-Osprey Dogecoin ETF (DOJE) from September 11, 2025, to September 18, 2025, has not diminished market enthusiasm. Analysts suggest the delay may even be amplifying anticipation for its eventual debut. The ETF aims to provide traditional investors with direct exposure to Dogecoin, with a unique characteristic of having "no utility on purpose."
Adding to the positive market sentiment is substantial institutional interest, exemplified by CleanCore Solutions. The Nasdaq-listed company announced its intention to acquire 1 billion Dogecoins within the next 30 days, marking a significant commitment to the cryptocurrency. CleanCore has already accumulated over 500 million DOGE as part of its strategy to diversify its digital asset portfolio and hedge against traditional market risks. The company's long-term objective is to secure up to 5% of Dogecoin's circulating supply.
Technical indicators also suggest a strong bullish trend for Dogecoin. The Relative Strength Index (RSI) is reported to be near 67, indicating robust buying momentum. Market predictions suggest a 66.6% chance of Dogecoin reaching $0.30 in the near term, with further upside targets at $0.45 and $0.80 if the momentum continues. The increased trading volume, surging to approximately $3.67 billion in the last 24 hours, further confirms heightened institutional and retail interest.
The broader market context reveals a growing acceptance of cryptocurrencies as investment vehicles. While Dogecoin's origins lie in internet meme culture, its increasing integration into institutional strategies and the anticipation of regulated products like ETFs signal a transition toward greater legitimacy. This evolution reflects a broader shift in how digital assets are perceived, moving from purely speculative ventures to assets with potential for strategic integration into global finance.